Gold Weakness Offers Buying Chance as Jefferies Holds $5,000 Target for 2027 and Notes Healthy Miner Margins

Mining margins stay solid above historical averages even as diesel rose 12% and gold fell 6%. Free cash flow will increase thanks to lower taxes, though rising labor costs are a concern. Analysts view the $1 billion September ETF outflow as non-critical and recommend treating the pullback as an attractive entry point.